Inditex news and archive

Zara-owner Inditex posts sales and profit growth

In the first half period, Inditex recorded sales growth of 7.2 percent to reach 18.1 billion euros, showing a positive development both in stores and online. Sales were positive across all concepts. Sales in constant currency grew by 10.2 percent. Commenting on the first half trading Óscar García Maceiras, Inditex CEO said in a statement: “The...

Business

Inditex set to bring Bershka to India this November

Inditex-owned Bershka is believed to be close to debuting in the Indian market following the success of its sister brands Zara and Massimo Dutti in the region. A source for India Retailing told the industry publication that the brand’s first store is scheduled to open November 1 within the Phoenix Palladium mall in Mumbai. While the media outlet...

Business

Inditex joins Canopy's ‘Pack4Good’ initiative

Fashion retail group Inditex, which owns Zara, Berksha, Pull & Bear, Massimo Dutti, Stradivarius, Oysho, and Zara Home, has joined environmental organisation Canopy’s ‘Pack4Good’ initiative to keep vital forests out of paper packaging. Javier Losada, chief sustainability officer at Inditex, said in a statement: "Inditex has worked hard to keep...

Fashion |Opinion Featured

With 61.8m Zara items on sale at Vinted, is circular fashion in trouble?

The substantial presence of 61.8 million Zara garments on Vinted, the popular online secondhand marketplace, presents a complex picture of consumer behaviour, fast fashion, and sustainability efforts in the retail sector. Similarly, the platform lists 59.7 million H&M items, 21.8 million Shein pieces, 21 million Primark items and 10.2 million...

People

Inditex appoints Lucian Dorobantu as CEO of Pull & Bear

Spanish clothing group Inditex announced on Wednesday a change in management at its Pull & Bear brand. José Pablo de Bado Rivas, the previous director of Pull & Bear, has decided to leave the company after more than 30 years, Inditex revealed. The group, which also owns the retail chains Zara, Bershka, Massimo Dutti and Stradivarius, thanked the...

Retail

Inditex to open new stores in Bluewater and St David’s shopping centres

Spanish retail group Inditex has signed three store deals with landlord Landsec in two of its prime retail destinations – Bluewater in Kent and St David's in Cardiff. The move will see fashion chain Pull & Bear open its first store in Wales in St David’s, where the brand has secured an 8,500-square-foot unit across two floors. The group will...

BusinessFeatured

Zara owner Inditex records sales and profit growth

In the first quarter of 2024, Zara owner Inditex reported sales growth of 7.1 percent to reach 8.2 billion euros, while sales in constant currency grew 10.6 percent. Gross profit for the quarter increased 7.3 percent to 4.9 billion euros and gross margin reached 60.6 percent, up 13 bps. EBITDA increased 8 percent to 2.4 billion euros and EBIT...

Retail

JD.com partners with Inditex and launches Massimo Dutti store

E-commerce giant JD.com and China’s largest retailer has announced a strategic partnership with Spanish fashion retail group Inditex, home to brands including Zara, Massimo Dutti, and Oysho. The partnership launches with a new flagship store for fashion brand Massimo Dutti on JD.com's marketplace, as part of Inditex’s broader efforts to cater to...

FashionFeatured

Pull&Bear announced as principal sponsor of BFC Newgen

The British Fashion Council (BFC) has announced Inditex-owned Pull&Bear as the Principal Partner for its Newgen initiative, which supports emerging fashion designers through financial aid, showcasing opportunities, and mentorship. The collaboration, initially set for 12 months, aims to nurture the next generation of global, responsible fashion...

Business

Inditex strengthens South American market with Zara store in Venezuela

Inditex has made a re-entry into the Venezuelan retail sector with the inauguration of a new Zara store. This move, achieved through a franchise agreement with local partner Grupo Futura, signifies a strong vote of confidence in the country's retail sector following a three-year hiatus and multiple store closures. The Spanish fast fashion giant...

Fashion

World’s largest fashion brands are using tainted cotton, says investigation

Brazil has long been under scrutiny for deforestation of the Amazon rainforest, but new research from Earthsight shows the destruction of the Cerrado biome, a biodiversity hotspot, has largely escaped notice. While efforts to address the Amazon's plight have seen some progress, deforestation rates in the Cerrado are worsening, driven in part by...

Business

Zara owner Inditex demands transparency from Better Cotton

Better Cotton, the world's largest cotton sustainability programme, is being asked to answer to growing concerns raised by fashion giant Inditex. In a letter to Better Cotton CEO Alan McClay, Inditex demanded a plan to clarify transparency on cotton traceability following allegations of "illegal practices" by the NGO Earthsight, according to...